Genpact Limited (NYSE:G) CEO Balkrishan Kalra Sells 9,000 Shares

Genpact Limited (NYSE:G) CEO Balkrishan Kalra sold 9,000 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $46.40, for a total value of $417,600.00. Following the completion of the sale, the chief executive officer now owns 267,404 shares in the company, valued at $12,407,545.60. The trade was a 3.26 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Genpact Trading Up 0.4 %

NYSE:G opened at $46.82 on Wednesday. The company has a 50 day simple moving average of $40.53 and a two-hundred day simple moving average of $36.66. The company has a market cap of $8.26 billion, a PE ratio of 12.86, a price-to-earnings-growth ratio of 1.59 and a beta of 1.13. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.50. Genpact Limited has a 12 month low of $30.23 and a 12 month high of $47.98.

Genpact Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be issued a $0.1525 dividend. This represents a $0.61 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend is Monday, December 9th. Genpact’s dividend payout ratio is 16.76%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on G shares. BMO Capital Markets increased their target price on Genpact from $38.00 to $42.00 and gave the stock a “market perform” rating in a research note on Monday, August 12th. Needham & Company LLC raised their price objective on shares of Genpact from $42.00 to $55.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Robert W. Baird upped their target price on shares of Genpact from $44.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. TD Cowen raised their price target on shares of Genpact from $40.00 to $45.00 and gave the company a “hold” rating in a research report on Friday, November 8th. Finally, JPMorgan Chase & Co. upped their price objective on Genpact from $35.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, September 6th. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Genpact presently has a consensus rating of “Hold” and a consensus target price of $42.33.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of G. CWM LLC grew its position in shares of Genpact by 160.8% during the 2nd quarter. CWM LLC now owns 952 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 587 shares during the period. Versant Capital Management Inc grew its stake in shares of Genpact by 4,717.8% during the 2nd quarter. Versant Capital Management Inc now owns 2,168 shares of the business services provider’s stock valued at $70,000 after acquiring an additional 2,123 shares during the period. Massmutual Trust Co. FSB ADV increased its holdings in Genpact by 54.3% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 2,797 shares of the business services provider’s stock worth $90,000 after acquiring an additional 984 shares in the last quarter. Venturi Wealth Management LLC lifted its holdings in Genpact by 74.6% during the third quarter. Venturi Wealth Management LLC now owns 2,623 shares of the business services provider’s stock valued at $103,000 after purchasing an additional 1,121 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Genpact by 221.3% in the third quarter. GAMMA Investing LLC now owns 3,329 shares of the business services provider’s stock worth $131,000 after purchasing an additional 2,293 shares during the period. 96.03% of the stock is owned by hedge funds and other institutional investors.

Genpact Company Profile

Genpact Limited provides business process outsourcing and information technology services in India, rest of Asia, North and Latin America, and Europe. It operates through three segments: Financial services; Consumer and Healthcare; and High Tech and Manufacturing. The Financial Services segment offers retail customer onboarding, customer service, collections, card servicing operations, loan and payment operations, commercial loan, equipment and auto loan, mortgage origination, compliance services, reporting and monitoring, and wealth management operations support; financial crime and risk management services; and underwriting support, new business processing, policy administration, claims management, catastrophe modeling and actuarial services, as well as property and casualty claims.